Goodyear will raise tire prices up to 6%
Goodyear Tire & Rubber Co. will raise consumer tire prices on March 1, 2011. The increase, up to 6%, will apply to all brands in the United States and Canada.
The company says increasing raw material costs have made the price increases necessary.
Goodyear is the latest company to announce an upcoming consumer tire price increase.
Falken Tire Corp. also will raise prices on March 1. The price hikes on Falken passenger and light truck tires will range from 5% to 8% depending on the size, with in-line adjustments as needed.
Bridgestone Americas Tire Operations LLC will raise replacement and original equipment consumer tire prices one month later, on April 1, The increases on Bridgestone, Firestone and associate brand passenger and light truck tires in the United States and Canada will vary up to 8%.
Cooper Tire & Rubber Co. (2.5%) and Michelin North America Inc. ("the increases will vary by product line") raised consumer tire prices on Feb. 1. Nexen Tire America Inc. (up to 8%) did the same on Jan. 1.